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Alkane Resources Capital/Financing Update 2016

May 29, 2016

48579_rns_2016-05-29_216d2b1f-8ee4-4e38-ab9a-85eb6012f503.pdf

Capital/Financing Update

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ALKANE RESOURCES LTD ABN 35 000 689 216

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

30 May 2016

Manager Announcements ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

ASX ANNOUNCEMENT COMPLETION OF ENTITLEMENT OFFER

Alkane Resources Ltd (the Company ) confirms that it has today allotted and issued 61,940,820 ordinary shares at A$0.20 each to existing shareholders pursuant to its 1 for 5 pro rata non-renounceable entitlement offer.

Following completion of this equity raising the Company has 476,159,490 fully paid ordinary shares.

On the following page, we have set out the names of the twenty largest holders of fully paid ordinary shares.

The Company reserves the right to place the Shortfall Shares at the discretion of the Board within three months of the close of the Entitlement Offer in accordance with ASX Listing Rule 7.2 (exception 3). The Shortfall Shares will be offered at the same Offer Price as offered under the Entitlement Offer.

Yours faithfully,

for ALKANE RESOURCES LTD

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Karen E V Brown Company Secretary

Ground Floor, 89 Burswood Road, Burswood WA 6100, AUSTRALIA (PO Box 4384, Victoria Park WA 6979, AUSTRALIA) Telephone: +61 8 9227 5677 Facsimile: +61 8 9227 8178 www.alkane.com.au [email protected]

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TWENTY LARGEST SHAREHOLDERS

The names of the twenty largest holders of fully paid ordinary shares are:

Number of Shares Percentage of Shares %
1. Abbotsleigh Pty Ltd 102,669,451 21.56%
2. JP Morgan Nomininees Australia Limited 65,203,558 13.69%
3. Citicorp Nominees Pty Limited 27,271,191 5.73%
4. HSBC Custody Nominees (Australia) Pty Ltd A/C 2 13,393,472 2.81%
5. HSBC Custody Nominees (Australia) Pty Ltd 13,080,974 2.75%
6. Sydney Equities Pty Ltd <Sydney Equities S/Fund A/C> 7,381,108
7. Choice Investments Dubbo Pty Ltd 6,724,695 1.41%
8. Sandhurst Trustees Ltd <DMP Asset Management A/C> 5,955,266 1.25%
9. National Nominees Limited 5,523,589 1.16%
10. Funding Securities Pty Ltd <CJ Ferguson Personal SF A/C> 3,700,000 0.78%
11. Leefab Pty Ltd 2,752,456 0.58%
12. Mr Richard Mitchell Dimond & Mrs Denise Rosslyn
Dimond <The Dimond Super Fund A/C> 2,400,000 0.50%
13. Rocket Science Pty Ltd <The Trojan Capital Fund A/C> 2,203,954 0.46%
14. Xetrov Pty Limited 2,000,000 0.42%
15. Mrs Kathryn Jane Swan 1,996,555 0.42%
16. S Maas Holdings Pty Ltd <Shawn Maas Family A/C> 1,968,227 0.41%
17. Ms Jillanne Homewood 1,895,421 0.40%
18. Berne No 132 Nominees Pty Ltd <152417 A/C> 1,848,000 0.39%
19. Mr David Hanbury Edmonds <David Edmonds S/F A/C> 1,814,807 0.38%
20. Klip Pty Ltd <The Beirne Super Fund A/C> 1,344,831 0.28%
Total top 20 271,127,555 56.94%